Jay Severin lied today. No fooling.

Today, a little before 5:00 pm, he called the new health insurance legislation “the biggest redistribution of wealth in the history of humankind.” Jay, Social Security will pay out almost $800 billion NEXT YEAR ALONE, and it’s been running for 75 years. You’re telling me the health care legislation involves a bigger transfer of wealth than that? I don’t think so.

2 Comments

I am not completely sure how Social Security works but isn’t that a program for simply setting aside a portion of your pay and then getting it back during retirement? If so I am technically getting back my money whereas the new Healthcare Legislation is taking tax money from some and paying for healthcare insurance for low inclome people who pay little to no taxes. I can see the arguement that this is a form of wealth redistribution.

No, that’s not how Social Security works. You don’t simply get back what you put in. Do some reading about it and then tell me whether you consider it a wealth redistribution program. (Note: I’m not saying Social Security is a bad thing. I’m just saying it’s much larger in scale than the subsidies for health insurance.)